Hi ,
I want to post a write up through T_code ABZU to an asset capitalised in current year but could not as system giving an error meesage AA402.
Why do I want to post "write up" is as below:
I bought an asset for $ 2000 and by mistake capitalised it in the month of January 2008 in the current fiscal year 2008. It was depreciating every month and there was no issue.
Now the business is saying that this asset should have not been capitalised but should have gone under AUC and this way they want to cancel / reverse all the posted depreciation and also the asset capitalisation entry.
For the purpose I was trying to post the write up through T_code ABZU to nullify the depreciation effect ( Accounting entry-Accumulated Depreciation A/c debit and Expense Depreciation A/c credit ) and after making the asset value up to the original value $ 2000 and then I would be posting the "Revaluation APC/Revaluation depreciation" to make the asset balance NIL.
CAN YOU PLEASE HELP ME IN POSTING THE TRANSACTION ABZU OR SUGGEST ANY OTHER METHOD TO ADJUST THE POSTED DEPRECIATION AND NET ASSET VALUE TO NIL.
Rgds,
BABA